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DAO raises $53 million to free Julian Assange



 "DAOs are now very powerful financial coordination mechanisms that operate outside of the traditional financial system," says Silke Noa. Noa is one of the masterminds behind AssangeDAO , the Decentralized Autonomous Organization (DAO) that recently raised $53 million to free controversial WikiLeaks founder Julian Assange .


Accordingly, Noa describes the collection of donations as a "great success", which also gives a clear indication of the great influence DAOs can have in politics and society in the future. Any potential supporter of Assange can make a donation in the form of Ether ( ETH ) via the DAO and thus become part of the group at the same time.


In return for the donation, AssangeDAO participants will receive the proportional value of the associated governance token JUSTICE. This in turn certifies voting rights that allow members to have a say in how the funds collected are used to support Assange.


"We are sending the clear message that the persecution of Julian has a political price," said Gabriel Shipton, Julian Assange's brother, jubilantly in view of the successful fundraising campaign.


The funds will primarily be used to cover the high legal costs of defending the whistleblower and securing his release from the British prison where Assange has been incarcerated for almost three years.


The WikiLeaks founder recently appealed a verdict that could see him extradited from the UK to the US. He wants to prevent this at all costs, because in the United States Assange may face life imprisonment for publishing secret state documents.


"A best outcome would be if the UK agrees to Julian's appeal and prevents extradition to the US," Shipton said. He adds: "The big goal is that all charges in the US are dropped and that those who brought them stop their hunt for Julian just because he published their classified documents."


The AssangeDAO's funds were raised through a Censored NFT auction, which auctioned artist Pak's Non-Fungible Tokens (NFTs). Including a unique crypto artwork called "Clock" ("clock") and an open work in which each participant could mint their own NFT. The auctioned NFTs are not for sale until Assange is free.


"We have 30,000 collectors who now have an interest in Julian being released so they can resell their NFTs."

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